Zuckerman drops out of BW bidding
New York Daily News owner Mort Zuckerman has also dropped out of the bidding for BusinessWeek magazine a ‘few days ago,’ a person familiar with the matter said on Tuesday, Reuters is reporting.
Anupreeta Das reports, “Zuckerman, co-founder and chairman of real estate investment trust Boston Properties Inc, had put in a last-minute bid for the magazine last week.
“But Bloomberg LP is emerging as the clear winner for the 80-year-old magazine, another source told Reuters earlier.
“Private equity firm OpenGate Capital also has dropped out of the bidding, a third source told Reuters on Tuesday.”
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Posted by Chris Roush |